Namibian signs contract with Leviev Group
Namibian Minerals (Namco) signed a $15-million investment and 15-year exclusive marketing agreement with Israel's Leviev Group, which becomes a 39-per-cent shareholder pending approvals.
Diamond Fields accelerates production schedule
Trans Hex Group has acquired the mining vessel Ivan Prinsep from Namibian Minerals Corp and will place it into commercial operations at Marshall Fork by mid-June, about 5.5 months ahead of schedule.
Namibian raises financing
Namibian Minerals has raised approximately $9.4-million (U.S.) through a private placement and secured a $15-million investment agreement with Israel's Leviev Group to resume diamond mining operations off Namibia.
Namibian receives extension for continued listing
TSX extended Namibian Minerals Corporation's listing eligibility review. The extension runs 120 days, until June 27, 2001.
Diamond Fields receives formal approval for Nambian JV
Diamond Fields International received formal approval from Namibia's Minister of Mines and Energy for its joint venture with Trans Hex Group to mine offshore licence 111.
Diamond Fields, Trans Hex sign joint venture agreement
Diamond Fields International and Trans Hex Group have signed a joint venture agreement to mine diamonds from two areas of Diamond Fields' offshore Namibian licence ML 111.
Namibian under review by the TSE
The Toronto Stock Exchange is reviewing Namibian Minerals' shares. The review of continued-listing requirements is on an expedited basis.
Namibian provides progress on liquidation
Namibian Minerals Corporation has placed South African and Namibian subsidiaries into provisional liquidation, halting all diamond mining operations.
Namibian places some subsidiaries into liquidation
Namibian Minerals is placing several South African subsidiaries into provisional liquidation, expected to be finalized in about six weeks, after cash flow problems from a January accident to its NamSSol mining system.
Afri-Can completes marine geophysical survey
Afri-Can Marine Minerals completed a marine geophysical survey of Block J offshore Namibia, collecting 950 line kilometres of data to define diamond sampling targets.